Tag Archives: AA News

United States prosecutors have slammed charges against two Europeans for allegedly conspiring with recently sentenced Ethereum developer Virgil Griffith to help North Korea evade US sanctions with cryptocurrency and blockchain technology. Two Suspects Tied to 2019 Pyongyang Crypto Conference According to a Department of Justice (DoJ) press release on Monday (April 25, 2022), 47-year-old Spanish citizen Alejandro Cao de Benos and a 30-year-old British citizen, Christopher...

The Singapore-headquartered digital asset exchange – Bybit – expanded its services, enabling crypto options trading. Upon launch, users will be able to trade USDC options and perpetuals through portfolio margin, which employs a risk-based model for experienced investors to increase fund utilization on the underlying price and volatility. Bybit’s Newest Feature According to the document shared with CryptoPotato, the function will enable Bybit’s clients to speculate on the...

EMV-compatible layer 1 protocol, Flare, has received the Algorand Foundation Bridges SupaGrant to build a bridge that will connect the Bitcoin network with Algorand. Flare to Bridge Bitcoin and Algorand The grant partnership between both firms will help boost the growth of the Algorand ecosystem and the DeFi industry at large. In an official press release shared with CryptoPotato on Tuesday, Flare noted that the bridge will enable secure and trustless interoperability between...

Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated that digital assets “don’t meet the test” of a stable source of payment, or value. Another Banker Against Bitcoin Liberal MP Yvan Baker asked the official on Monday whether digital currencies like Bitcoin could be an effective way for regular people to opt-out of inflation. Like...

0x Labs – a San Francisco based decentralized exchange infrastructure provider – recently closed a Series B funding round led by venture capital firm Greylock Partners. The firm raised $70 million in total, with added help from Pantera, Jump Capital, OpenSea, and famous American actor/ musician Jared Leto. 0x’s valuation remains undisclosed, but it raised $24 million from its ZRX token sale back in 2017, and $15 million in a Series A led by Pantera capital last year. The...

Input-Output HK (IOHK) – the development company and driving force behind Cardano (ADA) – provided updates on Cardano-based NFT loan platforms, multi-chain bridges between the blockchain and Ethereum, etc. According to Input-Output HK’s thread of tweets, the Cardano network is currently housing nearly a total of 900 projects, with the latest example of IagonOfficial, a cloud computing platform, announcing its migration to Cardano last week. Since then, 50% of its token supply...

SushiSwap has come up with a restructuring plan after the exodus of developers and talent in the past months. In the latest blog post, the popular DEX acknowledged the internal crises that plagued the ecosystem after the exits of its top leaders and an apparently failed union with Frog Nation. It has a new vision in place. SushiSwap’s Restructuring Plans SushiSwap has revealed carrying out a reorganization by retaining and installing a “strong and loyal” team. Reportedly new...

Changpeng Zhao – Chief Executive Officer of Binance – believes that bitcoin is less volatile than many stocks of tech giants, including Tesla and Apple. He also said the exchange will “have good news to share” on its confrontation with global regulators. ‘Many of the Tech Stocks are More Volatile Than BTC’ In a recent interview with the Financial Times, Changpeng Zhao expressed his opinion that during the past two years, the price of the primary cryptocurrency has been “more...

The iconic Brazilian soccer player – Ronaldinho – partnered with the decentralized exchange P00LS to launch his own token, called RON. David Beckham also interacted with the cryptocurrency universe by applying for several Metaverse and non-fungible token-related trademarks. Ronaldinho’s Token One of the greatest soccer players of all time – Ronaldinho de Assis Moreira (known as Ronaldinho) – said his token’s primary goal will be to establish a better connection between...

South Korean investors reportedly own over $5 billion worth of Bitcoin (BTC). Ripple (XRP) is the second most popular digital asset as locals hold nearly $4.8 billion in it. BTC and XRP Lead the Way South Korea’s leading crypto exchanges – Upbit, Bithumb, Coinone, and Korbit – conducted a study to determine which digital assets are the most attractive to local investors. The largest cryptocurrency by market capitalization – Bitcoin (BTC) – places first as South Koreans have...